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Drug Store

Walgreens w/ Rare Increases | Indiana | Absolute Net Lease | 16+ Year Historical Occupancy

3606 N Newton St, Jasper, IN 47546

Listing Price: $5,186,521

Cap Rate
5.75%
Tenant Name
Walgreens
Years Remaining On Lease
9.4
Gross SF
14,468
Guarantor
Corporate Guarantee
Rentable SF
14,468
Price/Gross SF
$358.48
Lease Type
Absolute Net
Rent Per Square Feet
$20.61

Investment Overview

Jasper is a city in, and the county seat of, Dubois County, Indiana, located along the Patoka River. Jasper is a regional center in Southwestern Indiana, noted for its heavily German Catholic ancestral roots. Jasper has often been called the “Wood Capital of the World”, boasting many furniture companies, including Kimball International and Masterbrand Cabinets. Jasper is home to the Southern Indiana Education Center (SIEC), Jasper Engines & Transmissions (largest re-manufacturer in the market), and to a satellite campus of Vincennes University. The largest industry sectors by employment in Jasper are manufacturing, retail, and health care & social services. Jasper is the principal city of the Jasper Micropolitan Statistical Area, a micropolitan area that covers Dubois and Pike counties and had a combined population of 54,734 at the 2010 census.

Investment Highlights

  • Long Term Absolute Net Lease with Rare Rental Increases throughout the Term. 16+ Year Historical Occupancy. This Location Serves Beer & Wine, and Features a Drive-Thru Pharmacy.
  • Positioned Along Area's Major Traffic & Retail Corridor. Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 23k+ Vehicles.
  • Walgreens is Ranked #16 on Fortune 500 List, #36 On Fortune 500 Global List and has a S&P Investment Grade Credit Rating of "BBB" with an Annual Revenue of $132.5 Billion.
  • Near Numerous National Retailers Including Walmart Supercenter, The Home Depot, Kohl's, TJ Maxx, Harbor Freight, Ross Dress for Less and many more.
  • Minutes from Memorial Hospital and Health Care Center - a 128-Bed Regional Health Care Facility. Employs 1,800k+ People with 6,600+ Inpatients, 250k outpatients, and 29k ER Department Visits Annually.
  • Near Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Drug Store

Walgreens w/ Rare Increases | Indiana | Absolute Net Lease | 16+ Year Historical Occupancy

Listing Price: $5,186,521

Cap Rate
5.75%
Tenant Name
Walgreens
Years Remaining On Lease
9.4
Gross SF
14,468
Guarantor
Corporate Guarantee
Rentable SF
14,468
Price/Gross SF
$358.48
Lease Type
Absolute Net
Rent Per Square Feet
$20.61

Investment Highlights

  • Long Term Absolute Net Lease with Rare Rental Increases throughout the Term. 16+ Year Historical Occupancy. This Location Serves Beer & Wine, and Features a Drive-Thru Pharmacy.
  • Positioned Along Area's Major Traffic & Retail Corridor. Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 23k+ Vehicles.
  • Walgreens is Ranked #16 on Fortune 500 List, #36 On Fortune 500 Global List and has a S&P Investment Grade Credit Rating of "BBB" with an Annual Revenue of $132.5 Billion.
  • Near Numerous National Retailers Including Walmart Supercenter, The Home Depot, Kohl's, TJ Maxx, Harbor Freight, Ross Dress for Less and many more.
  • Minutes from Memorial Hospital and Health Care Center - a 128-Bed Regional Health Care Facility. Employs 1,800k+ People with 6,600+ Inpatients, 250k outpatients, and 29k ER Department Visits Annually.
  • Near Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

Jasper is a city in, and the county seat of, Dubois County, Indiana, located along the Patoka River. Jasper is a regional center in Southwestern Indiana, noted for its heavily German Catholic ancestral roots. Jasper has often been called the “Wood Capital of the World”, boasting many furniture companies, including Kimball International and Masterbrand Cabinets. Jasper is home to the Southern Indiana Education Center (SIEC), Jasper Engines & Transmissions (largest re-manufacturer in the market), and to a satellite campus of Vincennes University. The largest industry sectors by employment in Jasper are manufacturing, retail, and health care & social services. Jasper is the principal city of the Jasper Micropolitan Statistical Area, a micropolitan area that covers Dubois and Pike counties and had a combined population of 54,734 at the 2010 census.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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